The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

Debt is one person's liability, but another person's asset.

Social Security is a social insurance program - it is not designed to be the same thing as a 401(k).

Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.

[I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of a loss. Were it not for his politics, he would be virtually forgotten.

Asset bubbles have happened even without not-so-easy money. And, in a depressed economy, where alternative uses of money are not great, people are going to bid up the prices of profitable corporations and stuff like that.